Illinois Compiled Statutes 805 ILCS 125 — Special Charter Not for Profit Corporations Act.

Short title

Short title. This Act may be cited as the Special Charter Not for Profit Corporations Act. (Source: P.A. 86-1324.)

All corporations, associations and societies organized under or created by any special act of the Legislature not for pecuniary profit, are hereby vested with power to create boards of trustees, directors or managers, and to elect and appoint members thereof, either from their own membership or otherwise, in such manne…

Hereafter whenever any corporation, association or society, not for pecuniary profit, existing by virtue of any special law of this state, shall desire to avail itself of the right to amend its special charter so as to change its name, to change its place of business, to enlarge or change the object for which it was fo…

Any such corporation, association or society is authorized to amend its special charter as provided in section 2 of this Act, in the manner following: (a) The trustees, directors or managers of any such corporation, association or society shall adopt a resolution setting forth such amendment; (b) If the trustees, direc…

Whenever any such resolution has been adopted in the manner provided in section 3 of this Act, a certified copy of such resolution, verified by the affidavit of the president of said corporation, association or society and under its corporate seal, attested by its secretary, shall be filed in the office of the Secretar…

Any corporation, association or society, not for pecuniary profit, existing by virtue of any special Act of the Legislature, notwithstanding any limitation or restriction contained in such special Act, shall have the power to purchase, take, receive, acquire, own, hold, use, lease, sell, mortgage, pledge and otherwise…

Wherever in this Act the words "special charter" are used they shall be construed to mean the special law of this state by virtue of which the corporation, association or society exists, irrespective of whether or not in such special law such charter is referred to as the charter or special charter of the corporation,…